OTR Global Reiterates “Mixed” Rating for Capri (NYSE:CPRI)

OTR Global reaffirmed their mixed rating on shares of Capri (NYSE:CPRI) in a research note published on Wednesday, Benzinga reports.

A number of other equities research analysts also recently weighed in on the company. Telsey Advisory Group restated a market perform rating and set a $57.00 price target on shares of Capri in a research report on Friday, February 9th. StockNews.com started coverage on Capri in a report on Saturday, April 13th. They set a hold rating on the stock. Thirteen research analysts have rated the stock with a hold rating, Based on data from MarketBeat, Capri presently has a consensus rating of Hold and an average price target of $50.50.

Capri Price Performance

Capri stock opened at $38.52 on Wednesday. The stock has a market cap of $4.49 billion, a price-to-earnings ratio of 21.64, a PEG ratio of 7.68 and a beta of 2.03. The company has a quick ratio of 0.49, a current ratio of 1.06 and a debt-to-equity ratio of 0.71. The business has a 50-day simple moving average of $44.94 and a 200 day simple moving average of $48.03. Capri has a 52 week low of $34.17 and a 52 week high of $54.52.

Capri (NYSE:CPRI) last announced its earnings results on Thursday, February 8th. The company reported $1.20 earnings per share for the quarter, missing analysts’ consensus estimates of $1.74 by ($0.54). Capri had a net margin of 3.96% and a return on equity of 25.79%. The company had revenue of $1.43 billion during the quarter, compared to analysts’ expectations of $1.48 billion. During the same period in the prior year, the business earned $1.84 earnings per share. The company’s revenue for the quarter was down 5.6% compared to the same quarter last year. On average, research analysts forecast that Capri will post 3.8 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Capri

A number of large investors have recently bought and sold shares of the stock. Private Wealth Management Group LLC bought a new position in shares of Capri in the fourth quarter worth approximately $25,000. Itau Unibanco Holding S.A. bought a new stake in Capri in the 2nd quarter worth $63,000. Vima LLC bought a new stake in Capri in the 4th quarter worth $70,000. U S Global Investors Inc. purchased a new position in shares of Capri in the fourth quarter valued at about $75,000. Finally, Fifth Third Bancorp raised its stake in shares of Capri by 34.0% during the third quarter. Fifth Third Bancorp now owns 1,735 shares of the company’s stock valued at $91,000 after acquiring an additional 440 shares during the last quarter. 84.34% of the stock is owned by hedge funds and other institutional investors.

Capri Company Profile

Capri Holdings Limited designs, markets, distributes, and retails branded women's and men's apparel, footwear, and accessories in the United States, Canada, Latin America, Europe, the Middle East, Africa, and Asia. It operates through three segments: Versace, Jimmy Choo, and Michael Kors. The company offers ready-to-wear, accessories, footwear, handbags, scarves and belts, small leather goods, eyewear, watches, jewelry, fragrances, and home furnishings through a distribution network, including boutiques, department, and specialty stores, as well as through e-commerce sites.